3.18 Federal Reserve Decision in the Early Morning
At 2:00 AM Beijing time on March 19, the Federal Reserve will announce its interest rate decision. The market consensus expects rates to remain unchanged, and bearish expectations have already been fully priced in. Once the decision lands, it will be easier to see a "bearish consensus exhausted, consolidation and rebound" scenario.
Currently BTC is oscillating and consolidating around 72,300. The short-term sharp decline has completed its washout, with 72,000-71,200 forming a strong support zone below, with buy orders providing solid backing.
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